2018 Key Findings Mobilising Europe’s hidden tech talent pool can unlock huge upside PROFESSIONAL DEVELOPERS Europe’s ecosystem is more distributed and more interconnected than ever - there M are now 5.7m professional developers 5.7 in Europe, up by 200,000 on 2017. This compares to the 4.4m in the US, a number that stayed flat year on year. EMERGING TECH HUBS Still more European tech hubs will emerge. Cities such as Cologne, Warsaw 15 and Vienna all have larger developer populations than Stockholm and active local tech communities, but have yet to attract as much investment. In fact, there are 15 European cities with professional developer populations of 50,000+ that have seen less than $1B in total capital investment since 2013. Europe is producing $B+ companies at a level that is 15x+ higher than a decade ago $B+ COMPANIES 61 European $B+ companies founded in the past 15 years, including a record 17 new companies that first surpassed the milestone in 2018. Europe has also now produced 12 companies with a $5B+ valuation, of which 5 have grown to more than $10B. SUCCESS GROWTH X 15 Two companies founded in the 2000s had reached $B+ by 2008. Compare that to 31 founded in the 2010s that reached that milestone by 2018 - an increase of 15.5x. Where will the 2010s end up by 2028? & 6 In Partnership with www.thestateofeuropeantech.com